Under the revenue recognition principle, revenue is recognized when: a. The customer signs an agreement to purchase goods or services b. The company makes the goods or services C. The company transfers goods or services to customers d. The company collects the revenue for the goods or services Which of the following is not a contra-revenue account? a. Credit Card Discounts b. Allowance for Doubtful Accounts C. Sales Discounts d. Sales Returns and Allowances Karter purchases a computer from Best Buy for $2,500 on account. The next day, he finds a better deal for the computer from another store and decides to return the computer. What journal entry would Best Buy record when Carter returns his computer